Life insurance services contract
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 19LE2024D0002
- Awardee
-
Bankers Assurance Sal UEI MNTHMKK5CHG6
- Awarding agency
-
US Embassy Beirut
US Consulates and Embassies, Department of State
- Task orders
- 34 $775,579 obligated
Award facts
- Opportunity
-
- Life Insurance Services Solicitation · 19LE2023R0003 · Posted Sep 22, 2023
- Combined order value
- $798,465 Current and potential, with all options
- Last date to order 55% complete
- IDV ceiling 52% used
- $1,485,014.50
- Award type
- Single award
- Who can order
- Only the awarding agency
- Funding agency
- Bureau of Near Eastern Affairs Department of State
- NAICS code
- 524210 Insurance Agencies and Brokerages
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 6 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
Award details come from SAM.gov/FPDS.
About this IDV
The Department of State Bureau of Near Eastern Affairs awarded a single-award Indefinite Delivery Contract to Bankers Assurance Sal for life insurance services. The contract has a potential value of $1,485,014.50 and a period of performance from February 13, 2024 through February 12, 2029.
The original solicitation sought proposals to provide life insurance coverage for locally employed staff at the U.S. Embassy in Beirut, Lebanon. The base period of performance was for twelve months with four optional one-year extensions. The contract was awarded without discussion to the lowest priced technically acceptable offeror. The services procured under this contract include providing life insurance policies and administering claims for local staff over the five-year period of performance.
This contract aims to ensure life insurance protections are in place for local staff supporting diplomatic operations at the U.S. Embassy in Lebanon. Bankers Assurance Sal will deliver these services over the five-year ordering period to help the Department of State provide standard benefits to its foreign national workforce stationed abroad.
Task orders
Show all 34
Quick answers
Who was awarded contract 19LE2024D0002?
19LE2024D0002 was awarded to Bankers Assurance Sal by US Embassy Beirut (US Consulates and Embassies) on February 13, 2024.
How much is contract 19LE2024D0002 worth?
Orders under 19LE2024D0002 have obligated $775,579. Their combined current value, with exercised options, is $798,465. 19LE2024D0002's own ceiling is $1,485,015.
How many orders have been placed under contract 19LE2024D0002?
34 orders have been placed under 19LE2024D0002, the latest on August 19, 2026.
Which agency awarded contract 19LE2024D0002?
US Embassy Beirut (US Consulates and Embassies) awarded 19LE2024D0002, with funding from Bureau of Near Eastern Affairs (Department of State).
Who can order from contract 19LE2024D0002?
19LE2024D0002 is a single award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 19LE2024D0002 competed?
The extent of competition for 19LE2024D0002 was full and open competition. The government received 6 offers.
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